speculation is speculation. Be it you know what you’re getting into and just taking advantage of the situation or buying the BS and got stuck after the speculation died off. Those who made the calculated risk and not buy into the whole “we’re not building anymore land” theory made out like a bandit if/when they sold in 2005. So yes, they were speculating but those who did were on the right side of the fence. Just like how we’re speculating now in some area that have already reached parity to rent. Sure, if it keep on going down the way we expect it to, then we’ll save a lot of $. However, the economy is so complex, it can very well turn in the direction we least expected. We’re no where near done w/ all the bailout talks either.
